O Adjustments- DebitO Adjusted Trial Balance-Credit35. Vhich of the following combination of trial balance totals suggest a possibletransposition error?457,470 debit and 458,470 credit756,350 debit and 753,630O478,270 debit and 479,290 credit86,230 debit and 85,250 credit36. Which of the following steps in the accounting cycle are listed in a rationalsequence? *

A transposition error is a common accounting error which is caused by substituting two or more…

Answered: 35. Vhich of the following combination…

35. Vhich of the following combination of trial balance totals suggest a possible transposition error? O 457,470 debit and 458,470 credit O 756,350 debit and 753,630

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 4MCQ: Which of the following statements is false? Adjusting entries are necessary because timing...

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Effect of Errors on Adjusted Trial Balance For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The adjustment of $9,800 for accrued fees earned was journalized as a debit to Accounts Receivable for $9,800 and a credit to Fees Earned for $8,900. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$fill in the blank 2 b. The adjustment of depreciation of $3,600 was omitted from the end-of-period adjusting entries. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$fill in the blank 4
Effect of Errors on Adjusted Trial Balance For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The adjustment for accrued wages of $5,200 was journalized as a debit to Wages Expense for $5,200 and a credit to Accounts Payable for $5,200.The totals are equal. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$fill in the blank 2 b. The entry for $1,125 of supplies used during the period was journalized as a debit to Supplies Expense of $1,125 and a credit to Supplies of $1,152. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.
Effect of Errors on Adjusted Trial Balance For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The adjustment for accrued wages of $5,200 was journalized as a debit to Wages Expense for $5,200 and a credit to Accounts Payable for $5,200. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$ b. The entry for $1,125 of supplies used during the period was journalized as a debit to Supplies Expense of $1,125 and a credit to Supplies of $1,152. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$
Effects of Errors on Adjusted Trial Balance For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The adjustment for accrued wages of $4,590 was journalized as a debit to Wages Expense for $4,590 and a credit to Accounts Payable for $4,590. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$fill in the blank 2 b. The entry for $2,860 of supplies used during the period was journalized as a debit to Supplies Expense of $2,860 and a credit to Supplies of $2,680. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.
Which of the errors listed below would cause the unadjusted trial balance to be out of balance? Failure to record an adjusting entry Overstating a liability balance by P100 and expense balance by the same amount. Posting only the debit portion of a journal entry. Interest on a 60-6% note payable for P6,000 was recorded and posted as a debit to Interest Expense of P600 and a credit to Cash of P600,
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.a. The adjustment of $9,800 for accrued fees earned was journalized as a debit to Accounts Receivable for $9,800 and a credit to Fees Earned for $8,900.b. The adjustment of depreciation of $3,600 was omitted from the end-of-period adjusting entries.
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.(a) The adjustment for accrued fees of $5,340 was journalized as a debit to Accounts Payable for $5,340 and a credit to Fees Earned of $5,340.(b) The adjustment for depreciation of $3,260 was journalized as a debit to Depreciation Expense for $3,620 and a credit to Accumulated Depreciation for $3,260.
Which of the following statements is incorrect concerning the adjusted trial balance? A. THE ADJUSTED TRIAL BALANCE IS PREPARED AFTER THE ADJUSTING ENTRIES HAVE BEEN JOURNALIZED AND POST B.THE ADJUSTED TRIAL BALANCE LIST THE ACCOUNT BALANCES SEGREGATED BY ASSETS AN LIABILITIES. C. AN ADJUSTED TRIAL BALANCE PROVES THE EQUALITY OF TGE TOTAL DEBIT BALANCES ANS THE TOTAL CREDIT BALANCE IN THE LEDGER AFTER ALL ADJUSTMENT ARE MADE. D. THE ADJUSTED TRIAL BALANCE PROVIDES THE PRIMARY BASIS FOR THE PREPARATIONOF FINANCIAL STATMENTS
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.a. The adjustment for accrued wages of $5,200 was journalized as a debit to Wages Expense for $5,200 and a credit to Accounts Payable for $5,200.b. The entry for $1,125 of supplies used during the period was journalized as a debit to Supplies Expense of $1,125 and a credit to Supplies of $1,152.
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The adjustment for accrued wages of $5,410 was journalized as a debit to Wages Expense for $5,410 and a credit to Accounts Payable for $5,410. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$ b. The entry for $3,240 of supplies used during the period was journalized as a debit to Supplies Expense of $3,240 and a credit to Supplies of $3,420. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.$
What should the closing balance be when the errors have been corrected? A $325,200 B $350,400 C $358,800 D $376,800
at the end of the accounting period(sept 30th, T account after AJE), what is the balance of advances from customers? use accural accounting multiple choice: a) $0, b) $1000, c) $3000, d) $2000, e) none of the other alternatives are correct